Nice! Breeders' Cup Wagering Menu gets a whole lot better with takeouts

[098poi]

Pardon my ignorance but can someone give an example of a H2H wager? Is it something that is offered and you pick one side or the other with the same return on either side? See I'm already confusing myself!

[LemonSoupKid]

If they are offering it as a "sports wager" why not just offer the bet as a -110, just as in sports ... because it's not technically legal in KY yet?

I agree with CJ.

That's stupid, it should be 7% takeout max as a parimutuel.

[castaway01]

Originally Posted by LemonSoupKid

If they are offering it as a "sports wager" why not just offer the bet as a -110, just as in sports ... because it's not technically legal in KY yet?

I agree with CJ.

That's stupid, it should be 7% takeout max as a parimutuel.

Check out the odds for any boxing match, MMA fight, or any head-to-head matchup. The favorite could easily be -500 or even -1000.

[LemonSoupKid]

Originally Posted by linrom1

The real beauty of this year's BC is the order of races:

Race 7: Sprint (2:46 p.m.)

Race 8: Mile (3:36 p.m.)

Race 9: Distaff (4:16 p.m.)

Race 10: Turf (4:56 p.m.)

Race 11: Classic (5:44 p.m.)

Do you like it because you love a couple of the races (singles for multirace wagers?) or just love that these are all the top races overall, in a row?

[spiketoo]

How about a Colonies vs the Empire H2H?

[thaskalos]

I know how a head-to-head wager works when a bookmaker offers it...but, how does it work in a parimutuel setting, when the price isn't locked in? When I back the favorite in a matchup, and I lay, say, -150 odds...then I risk $150 to win $100. But in a parimutuel setting, the price could change later on...and the odds on the favorite horse could move to -180. Don't I already hold a mutuel ticket with the -150 price printed on it? Do they scale down my preexisting wager to reflect the late price move?

[linrom1]

Originally Posted by LemonSoupKid

Do you like it because you love a couple of the races (singles for multirace wagers?) or just love that these are all the top races overall, in a row?

It's good to see a venue maintain classic BC races together for their sporting value instead of carding races based on their potential for large bettors to score large payoffs.

[cj]

Originally Posted by thaskalos

I know how a head-to-head wager works when a bookmaker offers it...but, how does it work in a parimutuel setting, when the price isn't locked in? When I back the favorite in a matchup, and I lay, say, -150 odds...then I risk $150 to win $100. But in a parimutuel setting, the price could change later on...and the odds on the favorite horse could move to -180. Don't I already hold a mutuel ticket with the -150 price printed on it? Do they scale down my preexisting wager to reflect the late price move?

This is what Andy was pointing out. The odds will probably fluctuate late just like all other bets. It will be a badly priced guessing game IMO.

[AndyC]

Originally Posted by thaskalos

I know how a head-to-head wager works when a bookmaker offers it...but, how does it work in a parimutuel setting, when the price isn't locked in? When I back the favorite in a matchup, and I lay, say, -150 odds...then I risk $150 to win $100. But in a parimutuel setting, the price could change later on...and the odds on the favorite horse could move to -180. Don't I already hold a mutuel ticket with the -150 price printed on it? Do they scale down my preexisting wager to reflect the late price move?

It is just a win bet in a 2 horse field subject to the full effect of the pari-mutuel system. Where do I sign up?

[AndyC]

Originally Posted by Andy Asaro

Shiver my timbers. A positive change in racing for once.

We never quit,

A

http://www.breederscup.com/article/b...-championships

Excerpt:

Head2Head Wagering with 10% Takeout; Plus Additional Friday and Saturday (15% takeout) Late Pick 5s Lead the Way

LEXINGTON, Ky. (October 23, 2018) – The Breeders’ Cup today announced new and exciting wagers that are sure to test the skills of handicappers across the globe for the upcoming Breeders’ Cup World Championships at Churchill Downs on Nov. 2-3. The new additions are highlighted by a late Pick 5 wager on Friday and Saturday, as well as the popular Jackpot Super High 5, along with Head2Head wagering and daily double wagering linking Friday and Saturday races.

The complete Breeders’ Cup wagering menu and official race order for the 2018 World Championships will be announced on Wednesday, Oct. 24.

Multi-million-dollar betting pools are nothing new to the Breeders’ Cup but the introduction of a late Pick 5 on both Friday and Saturday figure to take things to a new level. The bet has quickly turned into arguably the most popular wager in the country on a day-in, day-out basis, due in large part to the extremely player-friendly 15% takeout and $.50-cent minimum wager, which the Breeders’ Cup will use as well. Couple that, along with the freshness of the wager, and the fact it will solely encompass Breeders’ Cup races, and the pools could swell to several million dollars.

Among the featured new wagers to an already blockbuster menu of multi-race bets with million dollar guarantees, is the Friday late Pick 5, dubbed the “Future Stars Friday Pick 5,” which will group all five Breeders’ Cup Juvenile races, exclusively for 2-year-olds, while Saturday, the late Pick 5 figures to be wildly successful as it will culminate with the $6 million Breeders’ Cup Classic (G1). In addition, should any of the three preceding Pick 5s which includes the early Pick 5 on Friday and the traditional Breeders’ Cup early Pick 5 Saturday, not have a winner, that carryover pool will be added to the Saturday late Pick 5.

In the words of Nancy Pelosi it is nothing but crumbs. They are throwing a little chum in the water in hopes that you will yield to the lure of the higher take-out bets.

[Andy Asaro]

Originally Posted by AndyC

In the words of Nancy Pelosi it is nothing but crumbs. They are throwing a little chum in the water in hopes that you will yield to the lure of the higher take-out bets.

Of course but the later P5 takeout really, surprises me. Fravel has always been a high takeout guy so I am curious as to why they made the decision to do the low take late P5.

[ReplayRandall]

Originally Posted by Andy Asaro

Of course but the later P5 takeout really, surprises me. Fravel has always been a high takeout guy so I am curious as to why they made the decision to do the low take late P5.

Imagine a lawyer like Craig not taking all he can....It's a miracle I tell you.

[spiketoo]

Originally Posted by spiketoo

How about a Colonies vs the Empire H2H?

Is it bad forum etiquette (like that matters), to quote oneself?!?